sterling is purchasing a home for $400,000. the downpayment is 10% and the balance will be finaces with a 20-year mortgage at 9% and 2 discount points. They put down a deposit of $7000 when the sales contract was signed. they also have these expenses: credit report, $75; apprasial fee, $110; title insurance premium, 1% of amount financed; title search, $225; and attorney's dees, $1000. Fund their amount due at the closinf

a Sterling is purchasing a home for $400,000. The down payment is 10% and the balance will be financed with a 20-year mortgage at 9% and 2 discount points. They put down a deposit of $7,000 (applied to the down payment) when the sales contract was signed. They also have these expenses: credit report. $75; appraisal fee, $110; title insurance premium, 1% of amount financed; title search, $225: and attorney's fees. $1,000. Find their amount due at the closing